Citadel Securities Maintains a 'Neutral' on AT&T (T); Data Devices Drive Wireless Gains
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Price: $36.75 +0.03%
Rating Summary:
5 Buy, 26 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
5 Buy, 26 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade T Now!
Citadel Securities maintains a 'Neutral' on AT&T (NYSE: T), PT $30.
Citadel analyst says, "In-line earnings highlighted by wireless postpaid subscriber strength...Wireless: Strength in data devices and smartphones...AT&T continues to say the T-Mobile merger review remains on track, though we believe it is still too early for investors to have assurance that the deal will receive ultimate approval. To the extent that investors expect the deal to close, we believe AT&T's results should be assessed in conjunction with T-Mobile's (not yet announced), as we think some of AT&T's wireless strength likely came at T-Mobile's expense. Until we have more clarity on the merger review process, we prefer to stay on the sidelines. AT&T's management will host a conference call at 10am today."
For more ratings news on AT&T click here and for the rating history of AT&T click here.
Shares of AT&T closed at $30.23 yesterday, with a 52 week range of $24.50-$31.94.
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Citadel analyst says, "In-line earnings highlighted by wireless postpaid subscriber strength...Wireless: Strength in data devices and smartphones...AT&T continues to say the T-Mobile merger review remains on track, though we believe it is still too early for investors to have assurance that the deal will receive ultimate approval. To the extent that investors expect the deal to close, we believe AT&T's results should be assessed in conjunction with T-Mobile's (not yet announced), as we think some of AT&T's wireless strength likely came at T-Mobile's expense. Until we have more clarity on the merger review process, we prefer to stay on the sidelines. AT&T's management will host a conference call at 10am today."
For more ratings news on AT&T click here and for the rating history of AT&T click here.
Shares of AT&T closed at $30.23 yesterday, with a 52 week range of $24.50-$31.94.
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